PACCAR Inc (PCAR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	4,600,800	3,011,600	1,865,500	1,301,200	2,387,900
Revenue	US$ in thousands	35,127,400	28,819,700	23,522,300	18,728,500	25,599,700
Net profit margin		13.10%	10.45%	7.93%	6.95%	9.33%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $4,600,800K ÷ $35,127,400K
= 13.10%

Paccar Inc.'s net profit margin has shown a positive trend over the past five years, indicating an improvement in the company's profitability. The net profit margin increased from 9.33% in 2019 to 13.10% in 2023, reflecting the company's ability to effectively manage its expenses and generate more profits from its operations. This upward trend suggests that Paccar has become more efficient in converting its revenue into net income. It is essential to monitor this trend closely in the future to assess the company's continued financial performance and profitability.